UMB expands into Franklin, Amite counties

United Mississippi Bank officials say a merger will expand the Natchez-based bank into Franklin and Amite counties.

UMB President Sammy Porter tells The Natchez Democrat the merger, which is being completed through a stock purchase agreement with Peoples Bank of the South and PBFC Holding Co., is a "great thing" for both banks.

Peoples Bank has branches in Bude, Meadville and Gloster and has a loan origination office in Liberty. UMB Chief Financial Officer Adrian Sandel said once the merger is complete, the Peoples Bank locations will be rebranded as UMB.